Logo of Phnom Penh Post newspaper Phnom Penh Post - Sen Sok district: Where real estate is growing like mushrooms

Sen Sok district: Where real estate is growing like mushrooms

The large project of Aeon Mall 2 in Sen Sok district.
The large project of Aeon Mall 2 in Sen Sok district. Moeun Nhean

Sen Sok district: Where real estate is growing like mushrooms

As a country develops, its citizens often begin to create larger and larger businesses. Phnom Penh has grown with the state and private sector as domestic and foreign investors have flooded the real estate market.

Sen Sok district was created in 2009 with 59km of flat land surrounding it and shares borders with Meanchey, Por Senchey, Tuol Kork, Russey Keo and Preak Pnov districts.

Over the past 8 years, the district has grown extensively and is now booming with real estate projects. Residential apartments, Boreys, local markets and international supermarkets have flooded the area. With this growth in development, state infrastructure has improved greatly, with better roads, bridges and buildings.

Sen Sok District Deputy Governor Hor Veasna said many of the area’s current residents moved from districts within Phnom Penh such as Chamkarmon, Daun Penh, and 7 Makara. Many of the funds used to create residential properties attracted further business investment and development.

The population of Sen Sok has now grown to 160,000.

“The increase in the population of Sen Sok district is very high, while the number of properties in the area has increased dramatically, with residential homes, shopping malls and other constructions,” he said.

Content image - Phnom Penh Post
New houses in Sen Sok district. Sreng Meng Srun

Makro shopping mall recently opened a new store in the district, increasing trade and boosting the local economy. A number of infrastructure projects have been set in motion as well, including new markets, an air bridge and shopping centres like Rattana Plaza, Attwood and AEON II, which will be finished soon.

“As far as I am concerned, Sen Sok district is the only district that is growing faster than the others,” he said. “The momentum of the construction and real estate sector is high, but Chamkamon has good real estate prices that have a mix of services and business.”

Some of the properties in Sen Sok are valued at nearly $1 million, and although it is for very wealthy people, ordinary people can invest in different types of property as well.

Once the Aeon II complex is finished, many kinds of businesses will want to relocate in the area, and it is unclear how much public and private investment would grow after the mall is completed.

According to a 2017 report by the Sen Sok district construction, land management and urban land office, there are 157 construction sites requesting permits to begin or continue projects.

Many state owned buildings have also come to the area, with the Department of Planning, Department of Health, and Department of Industry and Social Affairs, and the National Bank all setting up shop in the district.

City Hall spokesman Met Measpheakdey told Post Property that Sen Sok district has shown the potential of the economy through the expansion of the city to more remote areas. People’s livelihoods would be improved, he said, by the distribution of big businesses such as Aeon Mall and Makro market, which would bring gas stations, cafes and restaurants.

“When there are a lot of people, the economy must also follow the realization of the potential of the region through buildings and apartments,” he said. “We cannot compare it to the other districts it borders, because geographical factors are very important.

Toul Kork district, which includes four districts in the city such as Daun Penh, Chamkarmon and 7 Makara District, is increasing in economic and development potential because of its location.”

City Hall is not sure where the sky bridge will be placed, but Measpheakdey said infrastructure is important for the people moving to the area.

“We have a blueprint to provide infrastructure for the people, such as roads and construction according to the urbanization master plan,” he said.

The flyover bridge over Russian Boulevard and Hanoi highway is 80 percent finished and will be completed before Khmer New Year in 2018. They have to build the bridge to ease traffic.

Key Real Estate founder and director SornSeap said all regions like Sen Sok needed to address infrastructure deficiencies and public safety systems.

“Living in a new development area with diversified services such as schools, hospitals, shopping malls, entertainment facilities and public services is much more attractive than living in another place that does not have these things. The area of Sen Sok district has high potential for real estate development after the more urban districts,” he said.

MOST VIEWED

  • Website advises travellers to stay clear of Angkor Wat

    An Australian website has advised travellers to avoid Angkor Wat during their trip to Southeast Asia because the ancient temple is showing signs of rapid erosion and faced water management issues. In a recent article entitled Best places to go in 2020: 12 destinations you should avoid

  • First deportees of the year touch down in Cambodia

    Twenty-five Cambodian-Americans landed in Phnom Penh on Wednesday, marking the first such deportations of the year. “On Wednesday, US law enforcement authorities deported 25 Cambodian nationals that immigration judges determined had no legal basis to remain in the US,” said Arend Zwartjes, spokesperson for the US

  • Passenger taxi boat ridership sinks despite free services

    Passenger taxi boat traffic has dropped by about five per cent compared to the same period last year, despite the government providing free service for garment workers until next year, Phnom Penh Autonomous Bus Transportation Authority director Ean Sokhim said on Monday. In 2018, the Phnom

  • Kingdom drafting new law to strengthen immigration

    The Ministry of Interior on Tuesday said it had formed a working group to draft amendments to the Law on Immigration. Its secretary of state Sok Phal told The Post that the amendments will strengthen the management of immigrants in line with the current situation.

  • Shipments of mango to South Korea poised to begin this week

    Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of

  • Qatar Airways to connect Doha and Siem Reap town

    Qatar Airways Company QCSC has announced a new route connecting Qatar’s capital Doha with Siem Reap, a move hailed by local officials as a significant step to boost tourist numbers. A Qatar Airways representative, speaking at the Kuwait Aviation Show, announced on Thursday that